The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). / N, f$ x' h9 c% G5 w7 X: q! f3 i/ F( F X5 m2 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 j( b* Y% [" ]& S% ?/ V