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.Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. A Mortgage Letter provides confirmation for your lender that your homestead exemption has been approved along with an ad valorem estimate of your tax bill. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. The bank is required to prepare and record in the public records where the property is located a "satisfaction of mortgage." If you ever have a concern or a question, our aim is to resolve it for you quickly. Here are all the phone numbers and addresses you'll ever need.