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.Please accept this as my authorization to issue a payoff statement to. Through an effective date of . 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 Private Mortgage Payoff Letter Template is a document that serves as proof of the outstanding balance on a private mortgage loan. The Vehicle Payoff Sample Letter form is a crucial document for individuals aiming to transfer their vehicle loan to the State Department Federal Credit Union.