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.This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. How to fill out the Payoff Request Letter Templates? The purpose of the letter is to describe why the borrower may not be able to make their mortgage, car loan, or other debt payments. Below you will find links to useful forms and documents for easy and convenient access. How to fill out the Mortgage Payoff Statement Request Form? 1. Complete the form with your mortgage account details. 2. Below you will find links to useful forms and documents for easy and convenient access.