Payoff requests, including borrower's authorization, should be directed to the servicer of the first mortgage. 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 payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. A fully ratified sales contract is required prior to submitting the reservation request. Adjusting paperwork with our feature-rich and intuitive PDF editor is simple. In a refinance, the title company handles paying off the bank and is responsible for following up to make sure that the lien has been released. Tower Federal Credit Union in MD, DC and VA makes it easy to access forms for membership, account management and much more. Explore our forms online now. 02 Transfer Tax to Any State.