If selling or refinancing your home with the intention of paying of the remaining balance on your forgivable loan, a payoff letter will be required. A mortgage payoff statement can be a useful piece of documentation for some borrowers to request.Edit, sign, and share sample payoff letter for private mortgage online. No need to install software, just go to DocHub, and sign up instantly and for free. How to Complete a Satisfaction of Mortgage (3 steps). Identify the Parties; Fill and Sign; File and Record the Form. 1. Filling out this form is straightforward. The OwnerOccupied Payment Agreement (OOPA) program allows homeowners to make affordable monthly payments on property taxes that are past due. ContractsCounsel has assisted 37 clients with payoff agreements and maintains a network of 28 financial lawyers available daily. Designed to protect the privacy and rights of the borrower, the form requires detailed information and authorization to release the loan payoff details.