The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).* b6 Q- M0 K$ W5 X
% f4 z9 l( ~' W. a$ V( Y
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./ }! }9 {( v9 n) m9 b& V