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.Rather, reach out to our office directly and speak with a Section 32. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. Edit, sign, and share private mortgage payoff letter template online. No need to install software, just go to DocHub, and sign up instantly and for free. Have questions about your loan? Browse our frequently asked questions to find answers. Have questions about your loan?