The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).+ i0 N- G( e m9 R: o" Z |
% T( l) ~0 Q7 d! y5 z/ z6 ~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.( o, P# J6 |0 |- r& t5 F* ?. Z