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.In obtaining the payoff demand statement, sellers can better assess whether the liens are valid or whether they have already been satisfied. The one-time, federally funded California Mortgage Relief Program has awarded all homeowner grants and will not receive any more funding. Make sure to specify the amount you want to go to each year on the payment or include a letter. This service allows clients to conveniently secure accurate and up-to-date payoff information regarding the outstanding balance on their mortgage loans. A payoff letter shows the remaining balance on your mortgage, including fees, interest, etc. Learn more about what a payoff quote is and how to request one. Furthermore, most existing borrowers who use HERO financing for home improvements are in violation of their existing mortgage agreements. The. Agency are located in the County and the County of San Bernardino and comprise the Riverside-San.