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.This form is furnished to give you a statement of actual settlement costs. How to fill out the Payoff Request Letter Templates? Edit, sign, and share lien payoff letter template online. No need to install software, just go to DocHub, and sign up instantly and for free. Do you need a loan payoff request form? Do you need a loan payoff request form? Up to, but not including, the day the payoff funds were received. All other FHA mortgage loans (regardless of the date they were endorsed for MI).