Requests may be sent to State Home Mortgage via email, as long as the form is completely filled out. Creating a payoff letter is essential to any loan or mortgage repayment process.Our free templates and this guide can help you get started. Edit, sign, and share private mortgage payoff letter template online. No need to install software, just go to DocHub, and sign up instantly and for free. A letter of explanation can clarify your financial situation and get you one step closer to qualifying for a mortgage. 504. Payoff of first mortgage loan. 103. Settlement charges to borrower (line 1400). 403. 108. Assessments. 408. If in agreement, the payor can provide payment immediately. However, if the issue involves a small claims court, this could result in a settlement.