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.Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free. The one-time, federally funded California Mortgage Relief Program has awarded all homeowner grants and will not receive any more funding. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. Below you will find links to useful forms and documents for easy and convenient access. Pay us the premiums, fees and charges for the policy. c. New American Funding is a direct mortgage lender offering an array of mortgage loan options including purchase, refinance, and first time home buyer loans.