First you need to know what the payoff figure is. Are you about to payoff your mortgage?The release is what removes the lien, which in your case isn't there. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. Ferguson, an MSU alumnus, was elected to the MSU board four times. He was known as a businessman, sports lover and civil rights leader. CSS pension payments haven't kept up. Request your free payoff quote in one of two convenient ways. You'll choose your good-through date up to 30 days.