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.How to fill out the Payoff Request Letter Templates? Note, Security and Guaranties: Release (6-381-2932)). This is an example of a payoff letter used in a syndicated loan transaction. Montgomery County does not require any further action after the payoff of a mortgage loan. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. Access account information, explore payment options, or find answers about your balances or homeowners insurance today! 3) and under the CFPB Consent Judgment.