Edit, sign, and share payoff letter template online. No need to install software, just go to DocHub, and sign up instantly and for free.A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free. The purpose of the letter is to describe why the borrower may not be able to make their mortgage, car loan, or other debt payments. New terms like payment schedule and interest rate; Signature of both parties. When will the money need to be repaid? The Cal-Mortgage Loan Insurance Program (Cal-Mortgage) administers the California Health Facility Construction Loan Insurance Program (Program). Guild Mortgage is a leading mortgage lender and advisor serving across the United States and specializing in residential home loans.