1) Call the mortgage department and request an official principal payoff letter. What are some of the key elements of a mortgage 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,. Use a standard business letter format with your name, contact information, and the date at the top. 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. And any other forms they may need to fill out ahead of time. This item was exposed via Evote on October 4, 2024. Sonnel to fill out Government forms.