This document is a debt payoff letter from a debtor to a creditor. 1) Call the mortgage department and request an official principal payoff letter.This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Our Phone Plan Finder tool can help you find the best (and cheapest!) phone plan based on your preferences and needs. Find your new phone plan today. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. Request A payment plan using the letter ID from your notice or bill. Choose Request a Payment Plan under Additional Services.