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. A perfect letter of mortgage is presented in this Payoff Statement Template in PDF. Edit, sign, and share loan payoff letter online. No need to install software, just go to DocHub, and sign up instantly and for free. A versatile form template designed to facilitate the process of requesting specific information from individuals, organizations, or businesses.