The payoff amount isn't just your outstanding balance; it also encompasses any interest you owe and potential fees your lender might charge. The mortgage payoff statement is a document that provides a comprehensive breakdown of the remaining balance on a mortgage.Value of Real Property or Mortgage Foreclosure Claim You must fill out and submit this form with each new action. Financial Resources Federal Credit Union located in Branchburg, Hillsborough, Flemington, Somerset, Green Brook, Jersey City, Elizabeth, NJ. "Payoff amount" is generally higher than the remaining balance on the home. A payoff statement or a mortgage payoff letter will typically show the balance you must pay in order to close your loan. Hardest Hit Fund Program History. In order to process your homeowner mortgage servicing request, you must submit the following: Mortgage Servicing Request Form, Mortgage Servicing Fee.