First Time Home Buyer - Newfoundland

Hi everyone,

I’m wondering if anyone has any advice or input on this situation. My partner and I are planning on buying our first home together this year, we will be seeking mortgage pre approval in May. By this point, I will be approximately 2 months into a new job that has a 6 month probation period. The job is in the same industry, similar title, same exact pay, salaried and permanent. My partner has had the same job with the same company for around 4-5 years. We both work in very stable industries.

Will this affect our chances of pre approval? For context, we both have good credit and minimal debt (all debt ratios are well below the threshold).

If anyone is a mortgage broker, has gone through this situation, or can provide any insight it would be greatly appreciated!