How to mortgage property in monopoly?

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In the popular board game Monopoly, players have the opportunity to buy and sell properties to build their real estate empires. One important aspect of the game is the ability to mortgage properties. Mortgaging allows players to obtain cash quickly by using their properties as collateral. In this article, we will explore how to mortgage property in Monopoly and the implications it has on gameplay.

Understanding Mortgaging in Monopoly

What is mortgaging?: Mortgaging a property in Monopoly involves obtaining a loan from the bank by offering one of your properties as collateral. When you mortgage a property, you receive cash equal to half of its purchase price.

When can you mortgage a property?: You can mortgage a property at any time during your turn, before or after rolling the dice. However, you cannot mortgage a property that is part of a monopoly (a complete set of properties of the same color) if any of the properties in that set have houses or hotels on them.

How to mortgage a property?: To mortgage a property, you need to follow these steps:
1. Decide which property you want to mortgage.
2. Calculate half of its purchase price.
3. Inform the banker of your intention to mortgage the property.
4. Receive cash equal to half of the property’s purchase price from the banker.
5. Place the Title Deed card face-down in front of you to indicate that the property is mortgaged.

Implications of Mortgaging

Effects on rent: When a property is mortgaged, it cannot collect rent from other players. However, if you decide to lift the mortgage later, you must pay an additional 10% interest on the original mortgage value to the bank.

Benefits of mortgaging: Mortgaging can provide players with much-needed cash flow to purchase properties, pay rent, or invest in houses and hotels. It can also be a strategic move to prevent opponents from acquiring a monopoly or to avoid bankruptcy.

Drawbacks of mortgaging: While mortgaging can provide temporary relief, it also comes with risks. If you are unable to pay off the mortgage and interest within a certain number of turns, the bank may force you to sell the mortgaged property or declare bankruptcy.

Strategies for Mortgaging Property

Timing: It is crucial to consider the timing of mortgaging a property. Mortgaging too early in the game may limit your future options, while mortgaging too late may leave you cash-strapped. Evaluate your financial situation, the current state of the game, and your opponents’ positions before deciding to mortgage a property.

Property selection: Not all properties are created equal. When choosing a property to mortgage, consider its value, rent potential, and how it fits into your overall strategy. Mortgaging a less valuable property may have less impact on your long-term plans.

Negotiation: In some cases, you may be able to negotiate deals with other players involving mortgaged properties. For example, you could offer to sell a mortgaged property at a discounted price or trade it for a property you need. These negotiations can help you manage your finances and strengthen your position in the game.


Mortgaging property in Monopoly can be a strategic move to generate quick cash or protect yourself from bankruptcy. Understanding the rules and implications of mortgaging is essential for making informed decisions during gameplay. Consider the timing, property selection, and potential negotiation opportunities to maximize the benefits of mortgaging. Remember, while mortgaging can provide temporary relief, it also carries risks that need to be managed effectively.


– Monopoly Rules:
– How to Play Monopoly: A Complete Guide: