The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). " r, Z7 }; i0 v q8 n1 c% } v6 \3 s( U9 W4 D, g; k) {
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. 4 V8 E5 B n+ A! r8 A