What is the update factor?
In your financing contract there are terms and concepts that are of utmost importance, and we understand that, because there is so much information, it may be a little complicated for you to understand. Therefore, this time we are going to explain what the update factor is.
The update factor is a very important term in real estate financing contracts, in simple terms, it refers to a percentage that is applied to your financing in order to keep its value up to date and prevent the loss of purchasing power of money over time.
The update factor is calculated based on a rate fixed in the contract and is a way of adjusting the value of the money periodically to maintain its purchasing power. This adjustment is made from the second month of the financing and until settlement, and its application ensures that the money you receive has not lost value over time.
In this way, when the time comes to use the financing for your property, you will have an amount of money that will be sufficient to acquire the property without inflation having affected its purchasing power.
For us as a company, it is essential that you fulfill your equity project, so we will be with you from start to finish so that you can achieve it.
At HIR Casa we work together to acquire your patrimony!
If you have questions or require more information, contact us:
Opening hours : Monday to Friday: 09:00 am – 18:00 pm
Call 55 5511 9910 or 800 HIRCasa (4472272)option 2
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Send an email to atencionaclientes@hircasa.com.mx*
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