How to get second Mortgage with really hight DTI ratio?

[Lee Xing]

Hello everyone, my name is Lee Xing and I am still very new to REI, and looking to connect with the BP community in GTA. My current situation is my Mom and I together have a mortgage with CIBC with 920k balance left, and the purchase price of the SFR (my current primary residence) I own is 1.48M. My annual income has two parts 90k from full-time job plus 36k from my own incorporated company. It seems like it will be impossible to get a second conventional mortgage from any banks for me giving my current situation. Any advice or suggestion is appreciated.

[Alexander Felice]

@Lee Xing The house you currently have is way too much for what you make and want to do. You bought a really nice house and it tied up ALL your future resources for it. I dont know how the specific numbers wash out but i dont see how you could have much wiggle room. How can you show a bank a bank that you can afford both mortgages by yourself and with some margin to account for bad months? Also know that even though you split that mortgage. The bank will not account for it that way. A bank will count all your debts as your own because in the event of default they omly have you as a guarantor. You may have to put Mom on the new mortgage to assist as well. What is your total dti currently per the lender? Hpow far from 50% are you? What is the price and profitability of the next home?