A mortgage payoff statement can be a useful piece of documentation for some borrowers to request. 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. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. PRINT AND FILL OUT THIS FORM - Please complete all relevant sections of the Payoff. A mortgage payoff statement details the total amount needed to fully pay off a loan as of a specific date. A Payoff Request Form is an essential document for those looking to fulfill the remaining balance on a home equity line of credit. If you List Credit Cards on the Loan application then you will need to know if this is the right or wrong thing to do. Read to find out more!