Granting a loan is always an obligation and risk, especially a long-term loan of a larger scale. As a bank or financial/lending institution, we understand that you are constantly taking chances. That’s why we have our Mortgage Redemption Insurance. At Paramount, we know that with every loan that you approve of, you are helping someone buy their house, their car, or whatever major purchase that they desire. We also know that sometimes you might need a back-up plan, in case life throws in something unexpected and you find yourself without source for repayment.