The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). 1 ]: t4 u; D7 i' L; W* ^+ K5 A$ Y5 d" o$ I4 O9 ]% R6 O
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 N% X$ \& C X' y8 x" ^