A 10 day payoff is crucial to getting your old loans paid off during a refinance. Learn how it works from start to finish.Say you have a mortgage and want to know exactly how much you'd need to pay to satisfy the loan. A mortgage payoff letter will tell you that magic number. Go to the "Account Summary. The dealer must, within 7 days, notify the lien holder in writing that the vehicle has been traded in. Do you need a loan payoff request form? Payoff of first mortgage loan. 103. Can I skip a payment and add it to the end of my loan? No. All payments must be paid in the month they are due.