Looking for a payoff amount? How to fill out the Payoff Request Letter Templates?A secured lender shall prepare and deliver a payoff demand statement to the person who has requested it within fourteen days after receipt of the demand. A lender's payoff statement or letter will show the amount you need to pay to completely close out the loan. Looking to close out your loan or determine your final payoff amount? Submit a payoff request and our team will provide the details for final payment. For an official statement verifying your existing mortgage balance, monthly payments, and any late payments, please complete a 3rd Party Authorization form. A payoff statement or a mortgage payoff letter will typically show the balance you must pay in order to close your loan. This is a standard form of payoff letter. After you receive your payoff quote, it's time to make your final payment.