Send sample payoff letter for private mortgage via email, link, or fax. You can also download it, export it or print it out.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. Edit, sign, and share payoff letter template online. No need to install software, just go to DocHub, and sign up instantly and for free. This fill-in-the-blank form can be used to change or extend inspection, signing, financing or other dates contained in a signed real estate contract. Payoff of first mortgage loan. 103. The statute of limitations for consumerrelated debt is six years.