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The Mortgage Payoff Request Letter is a crucial document in Pakistani real estate transactions when a borrower intends to fully repay their mortgage loan. This document is typically used when selling a property, refinancing, or completing the loan payments ahead of schedule. The letter must conform to Pakistani banking regulations and property laws, particularly the Transfer of Property Act 1882 and State Bank of Pakistan guidelines. It includes essential information such as the loan account number, property details, requested payoff date, and preferred method of receiving the payoff statement. The document serves as the formal initiation of the mortgage closure process and must be properly formatted to ensure prompt processing by the lending institution. The timing of this request is critical, as payoff statements typically have an expiration date and may need to be coordinated with other aspects of property transactions or refinancing arrangements.

1. Sender Information: Full name, current address, and contact details of the borrower

2. Date: Current date of the letter

3. Recipient Information: Lender's name, department (if applicable), and complete address

4. Loan Identification: Mortgage account number, property address, and any other relevant loan identifiers

5. Formal Request: Clear statement requesting the payoff statement

6. Payoff Date: Specific date for which the payoff amount is requested

7. Delivery Instructions: Preferred method of receiving the payoff statement (mail, email, fax)

8. Contact Information: Best way to reach the borrower if additional information is needed

9. Signature Block: Formal closing, signature, and printed name of the borrower