By including a per diem amount in the letter, the parties will not have to execute another payoff letter if the termination date. Depending on your lender, you may have to sign in to an online account, call a helpline, or send a formal letter to start the request process.To get a payoff letter, ask your mortgage lender for an official payoff statement and let them know what the projected closing date is. A payoff request can be created and mailed for free. How long does it take to obtain a payoff? A payoff letter shows the remaining balance on your mortgage, including fees, interest, etc. Learn more about what a payoff quote is and how to request one. Deferral program interest is charged on a per diem basis against the principal balance (e.g. Fill out when you examine a person? "Excluded Property" has the meaning set forth in the Security Agreement.