Buying with high debt-to-income ratio

[Obinna Kanu]

Good day everyone. 

I am in the market to buy my first rental home but due to the mortgage on my personal home, my debt-to-income ratio is relatively high. Is there a workaround for the debt-to-income ratio issue? What can I do to get lenders to approve me for a higher house price value? Credit score is good and there is equity accumulated on the personal home but rather not refinance because of the high mortgage rate.

My apologies if this question has been asked and answered. Thanks,

Obi

[Chris Seveney]

@Obinna Kanu

Don't do it. There is a reason there are DTI standards and over leveraging yourself never works out especially in an economy with tightening monetary policy and interest rate risk.