The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). : D: H( n& \8 _8 ~# h7 o1 d( ?' Z1 S0 u7 z8 v+ O2 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. % w, S: n# d1 \+ c; I5 ^1 z