How does mortgage work in monopoly?

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In the popular board game Monopoly, players have the opportunity to buy and sell properties, collect rent, and engage in various financial transactions. One key aspect of the game is the concept of mortgages. Understanding how mortgages work in Monopoly is crucial for players to make strategic decisions and manage their finances effectively.

The Basics of Mortgages in Monopoly

Definition: A mortgage in Monopoly is a loan that a player can take out on a property they own. It allows the player to receive a cash loan from the bank, using the property as collateral.

Process: When a player lands on an unowned property and decides not to purchase it, the property goes up for auction. If the player who lands on the property does not want to or cannot afford to buy it, the property can be mortgaged. The player can choose to mortgage the property immediately or at any point during the game.

Mortgage Value: The mortgage value of a property is typically half of its purchase price. For example, if a property was purchased for $200, the mortgage value would be $100.

Mortgage Payment: When a player mortgages a property, they receive cash from the bank equal to the mortgage value. However, the player must pay interest on the mortgage, which is 10% of the mortgage value. This interest payment is due when the player decides to lift the mortgage.

Benefits and Drawbacks of Mortgaging Properties

Benefits: Mortgaging properties in Monopoly can provide players with immediate cash flow when they need it most. This can be particularly useful when players are low on funds and need to pay rent or purchase other properties. Mortgaging also allows players to avoid bankruptcy by providing a temporary financial solution.

Drawbacks: While mortgaging properties can be beneficial, it also comes with some drawbacks. When a property is mortgaged, the player cannot collect rent from other players who land on that property. Additionally, if a player wants to lift the mortgage and regain ownership of the property, they must pay the original mortgage value plus 10% interest. This can be a significant financial burden, especially if the player is struggling financially.

Strategic Considerations

Timing: Players must carefully consider when to mortgage their properties. Mortgaging too early in the game may provide immediate cash but can limit future earning potential. On the other hand, waiting too long to mortgage may result in missed opportunities to generate cash flow.

Property Selection: Not all properties are created equal in Monopoly. Some properties have higher rental values and are more likely to generate income. Players should prioritize mortgaging properties with lower rental values or those that are less likely to be landed on by opponents.

Financial Planning: Effective financial planning is crucial in Monopoly. Players should consider their current cash flow, upcoming expenses, and potential income from properties before deciding to mortgage. It is essential to strike a balance between immediate financial needs and long-term strategic goals.


Understanding how mortgages work in Monopoly is essential for players to navigate the game strategically. Mortgaging properties can provide immediate cash flow but comes with limitations and costs. By carefully considering the timing, property selection, and overall financial planning, players can make informed decisions about when and which properties to mortgage.


– Monopoly: The Official Website –
– “Monopoly Rules: How Do You Mortgage Properties in Monopoly?” – The Spruce Crafts –