The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). % n9 y( l! ^+ |' U5 l# e, m- L! b: r# U+ ?: C& p
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. L. K5 f3 e, t) `9 i% k) k