Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.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. Mortgage lenders ask for a letter of explanation to better understand your finances when determining whether to approve you for a loan. A payoff letter is a document that provides detailed instructions on how to pay off a loan. Below is a list of forms that you may download for free from our website. This article will make the process of responding to a debt lawsuit a little bit easier and tell you how to answer a summons for debt collection in Florida. This file contains various payoff letter templates for loans, mortgages, and personal debts. Real estate, or real property, deeds are filed in the county where the real estate is situated.