Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free.If in agreement, the payor can provide payment immediately. However, if the issue involves a small claims court, this could result in a settlement. 504. Payoff of first mortgage loan. 103. Settlement charges to borrower (line 1400). 403. 108. Assessments. 408. Contact Discover® Personal Loans with any questions on personal loan basics, debt consolidation, or other personal loan topics. How can I view my mortgage loan Valuation Letter? A. Check out our video: Loan Valuation Video.