A perfect letter of mortgage is presented in this Payoff Statement Template in PDF. 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. What is a proof of payoff letter? A payoff statement or a mortgage payoff letter will typically show the balance you must pay in order to close your loan. A payoff letter template is a pre-made document used to inform a lender or creditor that a borrower has fully paid off their loan or debt. A versatile form template designed to facilitate the process of requesting specific information from individuals, organizations, or businesses. Report Prepared By: Susan Sneddon. Action: Adjourn to a closed session to discuss the closed session items, and report out, if necessary. Negative Equity Car Bank Sell Payoff.