Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.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. Request a payoff quote before you send your final payment. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Norton Secure VPN protects your personal information such as passwords and credit card numbers. Not all mortgages have prepayment penalties - if there is one attached to your loan, you agreed to it when you closed on your home.