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.In this comprehensive guide, we'll explore the ins and outs of payoff letters, their purpose, and how to write one properly. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. Mosaic helps homeowners simplify the transition to clean energy with flexible financing options offered through a nationwide network of contractor partners. Request a payoff quote. Payoff Statement (1) - Free download as PDF File (. We are under no duty to and do not take any obligation to update any forwardlooking statements after the date of the Annual. Empower Federal Credit Union participates in the Medallion Stamp Program (guarantee of a signature for the negotiation or transfer of securities).