1) Call the mortgage department and request an official principal payoff letter. The mortgage payoff calculator helps you find out.The release is what removes the lien, which in your case isn't there. 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. 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. For each loan, we will need: Lender Name; Customer Service Address; Lender Phone Number; Mortgage Account Number. The Privatization Report: A weekly newsletter of news and analysis about the corporate takeover of education, water, and other public goods. Community land trust homes and assisting those buyers in obtaining private mortgage financing.