Getting Pre Approved for a Loan Inquiry

[Michelle Truong]

Hello BP Fam! 

I'm in the beginning stages of getting pre-approved for a mortgage. I'm trying to figure out how much I can get with what I got before I can make any offers. I have good credit, no debt, and a pretty good chunk of change saved up. I'm gathering all my bank statements, getting all my assets (mutual funds/stocks) in order so that the banks can see what their working with, but I'm starting to feel like I'm putting everything out on the table, a sort've invasion of privacy, is this the normal protocol to get a mortgage? Just want to clarify that I'm not freaking out over nothing. 

[Michelle Truong]

@Eric Veronica & @Seth M. Jones

Thank you both for clarifying and giving me good advice. I feel a lot more reassured and confident now that you both have said that this is a standard procedure.