Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. Include the loan or mortgage number. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. For information on values, to file for an exemption, or to report changes in ownership or address, please call the Appraisal District at 210-224-2432. Guild Mortgage is a leading mortgage lender and advisor serving across the United States and specializing in residential home loans. Complete the Release Documentation. PLP lenders complete the form and retain it in the loan file.