The City of San José processes requests for payoff demands of existing homebuyer and home repair loans, and affordability restrictions (i.e. A versatile form template designed to facilitate the process of requesting specific information from individuals, organizations, or businesses.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. Filling out this form is straightforward. This financial calculator helps you find out. Step 1: Get the payoff amount and instructions. Mike wrote, "I was in a similar situation and decided to pay off the mortgage. Point's home equity investment empowers homeowners who want a more flexible way to unlock their home equity. Loan servicing and loan modification information from Carrington Mortgage.