The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). % M) r4 B4 j# E3 q2 m: ^( `+ [8 N; [- T+ C, ]! M
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.3 I, O! j' o& s0 C4 [