I had coffee with a financial planning associate of mine today named Mark Delphine with the “Futures” planning group. He brought a very interesting strategy idea to me regarding a very cost effective way to borrow from your qualified plan (IRA, 401K etc) in a ‘cash strapped’ home buying scenario. It is very exciting and quite clever. It results in borrowing $50,000.00 or 50% of your total funds (whichever is less) at Prime rate, with 15 years to pay back (not to mention the interest rate is INTEREST PAID TO YOURSELF). There is only a $40.00 set up fee and a $15 annual fee for preparing everything. This is for those of you who have retirement funds and see the opportunity of buying in this amazing purchase environment. Do not delay in contacting me to begin this process, it can take up to 2-4 weeks to get the funds organized. And the clock is ticking on that first time buyer credit!