Edit, sign, and share payoff letter template online. No need to install software, just go to DocHub, and sign up instantly and for free.To secure Borrower's payment obligations under this Loan Agreement, Borrower grants to Lender a security interest in the Collateral. Edit, sign, and share payoff form online. This is an unofficial version of Commonwealth regulations and is posted here for the convenience of the public. 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. An example of where to include late payment fees in a loan agreement. Payoff of first mortgage loan. 103. If in agreement, the payor can provide payment immediately.