The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). 0 W0 R, r# h( @$ i. X6 I" }' i& o6 X! M$ N$ u
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. , x% M1 u8 f1 h5 O/ T4 J7 Z- C