A payoff request can be created and mailed for free. How long does it take to obtain a payoff?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. 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. The payoff amount isn't just your outstanding balance; it also encompasses any interest you owe and potential fees your lender might charge. I make this affidavit with the approval of the Estate or Trust, in order to induce New York Title. Title No. STATE OF NEW YORK : : ss. Use a standard business letter format with your name, contact information, and the date at the top.