The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). # f+ U' u7 x( K* A5 N! r5 F7 O# _9 r* w$ X% r
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.! n: k) n% I# Z! }5 t. V8 p* j3 J