Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. 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. The Housing Authority will first use the payoff amount for the loan (mortgage) as the unpaid balance to calculate equity. HomeMy WebLinkAbout02City Administrator ". Agency are located in the County and the County of San Bernardino and comprise the Riverside-San. Bernardino Primary Metropolitan Statistical Area (the "PMSA").