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.Edit, sign, and share payoff letter template online. This is an unofficial version of Commonwealth regulations and is posted here for the convenience of the public. To secure Borrower's payment obligations under this Loan Agreement, Borrower grants to Lender a security interest in the Collateral. If interest is charged, the rate should be included with a repayment schedule. Use a release of promissory note template after full and final settlement of your loan repayment. Payoff statements alert borrowers to how much they must pay to fully satisfy a loan. Then, enter the "Online" payoff amount in the "Payment Amount" field for each loan you want to pay off. Payoff of first mortgage loan. 103.