HOWEVER, some HELOCs have a pre-payment penalty, so read the writing very carefully.Emrah

If the listing says roof is 18 years old and it’s 19 what’s the penalty?

Correct, there are no taxes or penalties due on a proper transfer or rollover.

There are a few things you should keep in mind:  1) Find out from your Pension plan if there are any taxes, penalties, or garnishments that will come along with obtaining the loan.2) Find out from your lender if this will affect your debt-to-income ratios and thus lower your purchasing power. 

THE PENALTY:"Page 87 - Sec. 20-10.

The Caps are 2/2/5 and comes with a 3-2-1 step-down prepayment penalty. 

Ideally it would be a 12mo, interest-only with no prepay penalties.

Also another thing to consider is their will be a pre pay penalty on your hard money loan 

My understanding is that you will be subject to a penalty, but it is what it is! 

A few options to raise funds:  your parents cold gift you the money, you can take it out of a retirement account you might have (check with your financial advisor for any fees/penalties before doing this), or use your tax return if you get one (I have several clients who have done this).