The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). 8 z$ g7 x: |9 P: d! U! o$ H% [) {4 _, J3 a# z
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.- U; r# F' O) R4 F0 _! ^& |