The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).: G: ^2 K- l2 ~$ J
" k, g$ b2 H7 m3 O( D2 gA 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.! S, [& q1 c3 U) T b0 d! z