No credit card required. Digitally sign with 1 click.Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. A letter of explanation can clarify your financial situation and get you one step closer to qualifying for a mortgage. A letter of explanation is your chance to answer any questions a lender might have about your loan application. Loan estimate and closing disclosure forms and samples. Download English and Spanish versions of TRID model and sample forms for different loan types.