Does FnO losses affect home loan eligibility?
Hello everyone,I hope you're doing well.
I have a question regarding Futures and Options (FnO) trading and its potential impact on applying for a home loan. Suppose I've incurred losses in FnO trading and am now considering purchasing a house, for which I'll need a home loan. How might these FnO losses affect my home loan application process?
I'm particularly interested in understanding how lenders view FnO losses when evaluating loan applications. Do these losses significantly impact my eligibility for a home loan?
For reference, I just checked with a banking personal that he mentioned I'm eligible for 1.2 CR, but I haven't mentioned anything about my losses yet.
Are there specific steps or precautions I can take to mitigate the effects of FnO losses on my application?
If anyone has experience or knowledge in this area or can provide insights into how lenders assess FnO losses in the context of home loan applications, I would greatly appreciate your input.
Thank you for taking the time to read this, and I look forward to hearing your thoughts and advice.
How will the lender know about it ? Only way I can think of it is that you have filed it in your ITR and are sharing the same in your application Guess it would be subjective and will vary from bank to bank, officer to officer