This file contains various payoff letter templates for loans, mortgages, and personal debts. 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. To get a payoff letter, ask your mortgage lender for an official payoff statement and let them know what the projected closing date is. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.