Thanks for the reply Lackey.
Actually just last night I couldn't stall myself any longer and I bought the router bit I needed. It just too bad I didn't know about them before because I could have bought an entire set of forstner bits for the price of the one 1 1/8 I bought at home depot... Oh well. Too late now.
Thanks for the loan offer. I think I might be ok for now but I really appreciate it. If I do end up needed sometime I'll get in touch with you.