The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). 9 y# q e( K* g( t: ?, t; I r h& D2 R5 p8 ~
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.+ ~/ @2 f3 }! ~3 K4 r# `