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.Do you need a loan payoff request form? Download newest version of Mortgage Payoff Land Contract Form • Customize, fill out, and submit online • Sizable directory of various templates and PDFs. 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. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. • Tells you to transfer your property deed or title to it. 504. Payoff of first mortgage loan. 103.