The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). 6 R4 y) W n+ E# _1 v1 q7 g1 ?5 f" P7 D. @- y6 ^0 [
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.: n: ?6 o% ~( [2 |) k _