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. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Loan Application Checklist. Get a New Loan Quote. The one-time, federally funded California Mortgage Relief Program has awarded all homeowner grants and will not receive any more funding. We've partnered with LoanCare, a leading national mortgage servicer, to better support all of your home loan needs.