A 10 day payoff is crucial to getting your old loans paid off during a refinance. Learn how it works from start to finish.Please accept this as my authorization to issue a payoff statement to. Through an effective date of . 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. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. The demand payoff letter certifies that the seller has paid for all the HOA dues tied to the property. "I am writing to request a payoff letter for my loan, account number XXXXXXXX, with a requested payoff date of (date).