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.You can request a payoff statement online: Go to Payment; Find the Loan Payoff box and click View Payoff Quote. Filling out this form is straightforward. Statement to obtain property credit, including a mortgage loan, is a violation of. Section 32.32, Texas Penal Code, and, depending on the amount of the loan or. Borrows money at current interest rates to payoff old bonds that were issued in the past.