A Payoff Request Form is an essential document for those looking to fulfill the remaining balance on a home equity line of credit. 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. It also often gives information on how best to deliver the payoff funds, etc. It's more akin to a form letter, rather than a periodic statement. 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. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. This form is a statement of final loan terms and closing costs.