best way to finance house purchase?

Want to finance a new construction house: approx quoted price is $560,000 1) I own the land the house will go on-cost of land $163,000 2) I have enough cash to cover a little more than 50% of the quoted price of house--above The question is---what is the best way to do this purchase?

Public Comments

1. Visit a few banks and see who gives you the best offer. Sometimes realitors have inhouse-indepentant financial advisors. You could always check with one of them.
2. Use the land a collateral for the loan, throw in some cash. Do not use all of your savings to make a down payment. There will be many expenses to furnish the house and other stuff. The home loan may be 5-6%. But a good pile of cash can save you a lot on interest rates and emergencies.
3. Contact a mortgage company! THanx LOVE PEACE FOREVER!!!