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. A payoff request can be created and mailed for free. How long does it take to obtain a payoff? A mortgage payoff statement details the total amount needed to fully pay off a loan as of a specific date. LOAN PAY-OFF REQUEST FORM. This form must be completely filled out and submitted along with all required documents. Print and complete a Mortgage Servicing Request Form (PDF) providing ALL requested information.