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.The mortgage payoff statement is a document that provides a comprehensive breakdown of the remaining balance on a mortgage. First you need to know what the payoff figure is. 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. 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 document provides a sample payoff request letter that can be used as a guide. Create a Loan Payoff Letter online and download it as a PDF or Word document.