Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.How would I fill out the bottom of a payment agreement when it says signed this ____ day of ______, ____, at ______, ______? This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Your offer was accepted, but now what? When consumers take out a mortgage, they enter into a contract to make payments under specific terms. The letter summarizes four of the SAAP projects and points out that the cost of development is high and they ask for 100 percent funding. Mr. President, I yield the fioor. To pay off all the arrears.