Co-borrower or another lender?

[Pilar Jin]

Hi,

I am a foreign national trying to get a mortgage from a small local bank. The underwriter looked at my case and find big gap at debt to income ratio. I made a mistake to add too much expenses on my tax return of the other rental property, so the rental profit is very low from the tax return. If only counts my salary income, the ratio is 58%. The required is 40%. We thought about bring the loan value down, then the amount is too low. Now the only way underwriter sees would be to add a co-borrower. 

I am not very comfortable to have a co-borrower. If add my dad (also foreign national) as co-borrower, in what way I can remove his name from the title? Say he sell the half back to me in a very low price?

Or shall I turn to another bank?

Thanks in advance for your suggestions!

Cheers

Pilar