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My wife and I are contemplating withdrawing from our 401k Rollover IRA to finance a home down payment. Could somone please help me with the consequences and advice on whether this is a good idea? Also, if you know what the penalties are and if it can be repaid. I saw the article mentioning 60-day loan without penalty (http://www.fool.com/personal-finance/taxes/2007/02/02/borrow-from-your-ira.aspx), but we may not be able to repay in 60 days - probably more like 6 months. What options do we have, if any?

Thanks so much for any advice you can offer!
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