Purchasing a house on installment is a common way for people to buy a home, especially if they are unable to pay the full price upfront. When you purchase a house on installment, you make regular payments over time (usually monthly) to the seller or a lender, until you have paid off the entire purchase price of the house.
There are a few different ways that you can purchase a house on installment. One option is to work with a lender, such as a bank, to get a mortgage loan. With a mortgage loan, you can borrow the money needed to purchase the house and pay it back over a set period of time, usually with interest.
Another option is to work directly with the seller of the house to set up an installment payment plan. In this case, the seller may be willing to allow you to make payments directly to them, rather than through a lender.
If you are considering purchasing a house on installment, it is important to carefully review the terms of the agreement and to make sure that you can afford the monthly payments. You may also want to consider seeking the advice of a lawyer or financial advisor to ensure that you are making a well-informed decision.