Do you need a loan payoff request form? A 10day payoff refers to the time it takes for your new lender to pay off your old loans during a refinance.A lender's payoff statement or letter will show the amount you need to pay to completely close out the loan. The mortgage payoff statement is a document that provides a comprehensive breakdown of the remaining balance on a mortgage. Learn what a mortgage payoff statement is, how to request one, and and what to do if your mortgage servicer fails to send it. The mortgage payoff calculator helps you find out. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. The mortgage payoff statement is a document that provides a comprehensive breakdown of the remaining balance on a mortgage. A copy of the payoff statement for the first mortgage.