Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.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. Do not include a credit report as proof of payoff. Requests are processed in the order they are received. If you're worried about how to get out of debt, here are some things to know — and how to find legitimate help.