The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).' S+ Q3 j* b9 H! F7 b4 s
4 T2 }2 c' k( X/ h( R6 }2 f1 s
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. 2 j% M8 G t% X& S/ a6 T