Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.Edit, sign, and share private mortgage payoff letter template online. No need to install software, just go to DocHub, and sign up instantly and for free. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. A Private Mortgage Payoff Letter Template is a document that serves as proof of the outstanding balance on a private mortgage loan.