The deed of trust is cancelled when the debt is paid.
You cannot choose the way your loan is secured, that's determined by where you live, but it's important to have an understanding of the type of lien that secures the debt for your home. Ownership cannot be transferred to someone else until you pay the debt to release the lien. How long do I plan to own this home? If you plan to sell soon, rising interest rates may not present the risk they do if you plan to own the house for a long time. The deed of trust is cancelled when the debt is paid.