If you're still renting and have been for years, now might be the time to reconsider. Today's low interest rates could put your house payment on par with that rent check and you'll find you get much more in return.

Using current rates, it wouldn't be unusual for a mortgage payment to be just $50 to $100 more than rent. It's a relatively small increase that could be used to build equity in a home.

Houses generally appreciate in value over time – a major financial advantage over renting. Sure, home improvements and maintenance might be added to your day-to-day, but purchasing a house produces benefits like tax-deductible interest payments on your mortgage.

It's no wonder we've seen so many more late 20- and 30-somethings looking to start out in a home instead of a rental over the past few years.

If 30 years seems too long, the 15-year fixed mortgage has also been trending. It's a great option for homebuyers at any stage of life considering you can save tens of thousands of dollars in interest versus the 30-year fixed rate.

Obviously, there are lots of possibilities to consider, so visit your neighborhood office for options and advice to get started toward a great investment.