The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). # g# I+ j% A; y& b1 E: i; A/ ?6 x' w" J; C3 _; z5 T+ 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." x! _" T! e% @) A% ~" H4 [