re: Land financing question

If you have the cash, you may want to approach the bank that you deal with and ask them to do a savings or CD secured loan for the purchase of the land. The rate will be the lowest possible, and the money will still be in the bank (albeit, frozen to secure the loan). As the loan pays down, the money would become available. You could even do a mortgage on the property and pledge it to the loan as well. That way, if you would need access to the funds, the bank would still have the land as collateral and would be more likely to allow you to access the funds.