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,. Once completed, note the SST number and come into our office to finish the process. The City of San José processes requests for payoff demands of existing homebuyer and home repair loans, and affordability restrictions (i.e. Loan Officer signature: Date: The CalHFA Approved Lender must complete this form and provide it to the borrower. Note, Security and Guaranties: Release (6-381-2932)). This is an example of a payoff letter used in a syndicated loan transaction.