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 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. 1. Complete the Payoff Request Form in its entirety. Unsigned or incomplete requests will not be processed. 2. A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends. Learn how payoff letters work. This document is a debt payoff letter from a debtor to a creditor. How to fill out the Mortgage Payoff Statement Request Form?