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.How to fill out the Payoff Request Letter Templates? This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Download free financial hardship letter templates and samples. It should include specific details such as the loan account number, outstanding balance, and contact information. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.