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.My lender just sent me a document stating my mortgage has been satisfied (paid off) and told me I should record it, what should I do? In the amount and manner hereinafter specified, for value received, the undersigned. 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. 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. Hennepin County Sheriff's Office. Vehicle Payoff Sample wholesalers Letter.