Mr. Fin and Ms. Nance are planning to take a $800,000 mortgage to finance their condo purchase. Assume they have 37% DSR, 25-year amortization, and no other debt. Without the benefit of hindsight after the first day of class, you team is asked to recommend a mortgage contract for them. Your team is free to choose the mortgage term and the interest rate arrangement. Explain your choice, i.e. the advantages, and the risks associated with it.