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 mortgage payoff letter can come in two forms. One form tells borrowers the remaining principal amount and interest they have to pay to close out the loan. 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. This reader's guide is designed to promote the public's overall understanding of the annual budget document. This. Eighty-eight Senators have an- swered to their names. Example: Willy has a credit card debt, and the last time he made a payment towards the debt was eight years ago. Turn to the people at your table and find out the following information from them. 1. Name. 2. County. 3.