Which statement best describes portability in mortgage context?

Which statement best describes portability in mortgage context?

• A. The ability to port the mortgage's interest rate to another lender.
• B. The ability to transfer the existing mortgage to a new property without switching lender, subject to criteria.
• C. The option to switch lenders automatically when moving home.
• D. The ability to extend the loan term automatically when relocating.

Answer: (B)