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.Say you have a mortgage and want to know exactly how much you'd need to pay to satisfy the loan. A mortgage payoff letter will tell you that magic number. Work with your loan officer to determine what you need to do to secure a California Dream For All (DFA) Lender Pre-Approval Letter. Our prequalification calculator can provide an idea of what to expect out of the process before you talk to a lender. 6. Where can I find out about dangerous animal laws? The only thing I will point out is that in various jurisdictions a Satisfaction of Mortgage is recorded in official records. ("RMS") (collectively, "Defendants") in the California Superior Court in and for the County of Contra Costa. Example LI 9-2 illustrates how to calculate the effective interest rate for PCD assets using a discounted cash flow approach.