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 payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends. Learn how payoff letters work. 1. Complete the Payoff Request Form in its entirety. Unsigned or incomplete requests will not be processed. 2. Check out our credit card payoff template selection for the very best in unique or custom, handmade pieces from our templates shops. 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. Online applications are available now for Free and Reduced-price Meals for the 2024-2025 school year. Questions?