This document provides a sample payoff request letter that can be used as a guide. Most escrow or title companies have a simple demand form you can request and fill out detailing the payoff.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 payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. Do you need a loan payoff request form? Paying off your mortgage early can save money in the long run. Office closure Our Los Angeles office is currently closed. Note, Security and Guaranties: Release (6-381-2932)). This is an example of a payoff letter used in a syndicated loan transaction.