This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. Requests may be sent to State Home Mortgage via email, as long as the form is completely filled out. A letter of explanation can clarify your financial situation and get you one step closer to qualifying for a mortgage. Contract sales price. 106. Requests may be sent to State Home Mortgage via email, as long as the form is completely filled out. Letter Of Explanation Template Pdf Fill Online Printable. Payoff Request Form Fill Out Printable PDF Forms Online. Your mortgage servicer is the company that collects your monthly mortgage payments.