A versatile form template designed to facilitate the process of requesting specific information from individuals, organizations, or businesses. 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. Check out our loan payoff template selection for the very best in unique or custom, handmade pieces from our templates shops. Download third-party Authorization form here. Note: By requesting a Payoff Statement you may incur a fee. A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends. Learn how payoff letters work.