A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends. Learn how payoff letters work.This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. AGMB Handles Mortgage Assignments for the Following Lenders: Click on the bank name to find the forms. Fill out the form for the selected lender. Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free. If you're worried about how to get out of debt, here are some things to know — and how to find legitimate help. Persons in need of special assistance to participate in the meetings of the Housing.