Please contact one of our agents at 1(800) 255-5897 for more information. 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. The FDIC may be able to assist you in obtaining a lien release if the request is for a customer of a failed bank that was placed into FDIC receivership. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. Presentation Mode Open Print Download Current View. Go to First Page Go to Last Page. A live check is actually an unsolicited loan offer. Our mortgage experts are here to ease your worries so you can focus on the excitement of it all!