The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). ) e) w. B9 R: q2 w4 W6 U8 R1 j3 r$ o; |# d4 a
A government official, who spoke on condition of anonymity, said the government will reduce the maximum amortization period of a mortgage to 25 years from 30 years, and lower the level of home equity that can be borrowed against to 80 percent from 85 percent.6 i$ D( Q! A* \, f* J