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 student loan payoff letter, also called a payoff statement or loan verification letter, outlines your loan's essential details. Loan estimate and closing disclosure forms and samples. Download English and Spanish versions of TRID model and sample forms for different loan types. Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free. Payoff of first mortgage loan. 103. A North Carolina promissory note template is a document used to establish the agreed-upon terms of a loan agreement between a borrower and a lender. This could lead to less favorable mortgage terms, a higher interest rate or even denial of the loan.