Please accept this as my authorization to issue a payoff statement to. Through an effective date of .Is it possible to expedite the process? 3. When will my request be assigned? 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. A payoff request can be created and mailed for free. How long does it take to obtain a payoff? If your request is for mortgage balance ONLY, please complete the Mortgage Confirmation Request Form. Cash Out Refinance viciar Letter Template.