Why do I need a Payoff Letter? A payoff letter identifies the balance of subsidies which remain open at the time of its issuance.A payoff request can be created and mailed for free. How long does it take to obtain a payoff? Request Type: Servicing Fee: Estimated. This document is a debt payoff letter from a debtor to a creditor. Get the latest version of payoff quote mortgage • Customize, fill out, and send online • Huge catalog of legal documents and forms. Edit, sign, and share payoff letter water online online. No need to install software, just go to DocHub, and sign up instantly and for free. Warrant payoff letter.