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.Fill out the reverse side of a (tax bill) payment stub. OR; Send us a letter with required information listed below. 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. This is a standard form of payoff letter. The mortgage or UCC statement is a lien on your property. Borrowers can apply, lock in a rate and receive a commitment letter within one day. Buy a home with the right mortgage for your unique needs.