Please see more information in the Payoff Demand Instructions. 1. Enter your personal information and amount owed.The mortgage discharge or lien release is recorded. 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. What is a Payoff Agreement? A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. Private Loan Payoff Letter Template offers a clear and professional format for requesting an official statement of your loan payoff balance. Personal Online Banking. First Florida Credit Union is committed to enriching people every day.