This file contains various payoff letter templates for loans, mortgages, and personal debts. A mortgage payoff letter can come in two forms.One form tells borrowers the remaining principal amount and interest they have to pay to close out the loan. You can search for, get copies of, or update property ownership records, such as deeds and mortgages. A deed is often referred to as a title. Deponent is the owner of the premises known as ______.