What does it mean to mortgage a property in monopoly?

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In the popular board game Monopoly, players have the opportunity to mortgage their properties. This action plays a significant role in the game’s strategy and can have a profound impact on a player’s financial situation. Mortgaging a property allows players to obtain immediate cash, but it also comes with certain risks and consequences. In this article, we will explore what it means to mortgage a property in Monopoly and delve into the various aspects associated with this gameplay mechanic.

Understanding Mortgage in Monopoly

When a player mortgages a property in Monopoly, they essentially use it as collateral to secure a loan from the bank. This means that the player receives a specific amount of money from the bank, which can be used for various purposes, such as buying properties, paying off debts, or investing in houses and hotels. However, mortgaging a property also comes with a cost.

Mortgage Value: Each property in Monopoly has a mortgage value, which is typically half of its purchase price. When a player decides to mortgage a property, they receive cash from the bank equal to its mortgage value. For example, if a property was purchased for $200, the mortgage value would be $100.

Mortgage Interest: While the player receives cash when mortgaging a property, they also incur a mortgage interest cost. This means that if the player wants to un-mortgage the property and regain ownership, they must pay the original mortgage value plus an additional 10% interest. For instance, if a property was mortgaged for $100, the player would need to pay $110 to un-mortgage it.

Benefits and Drawbacks of Mortgaging

Immediate Cash Flow: One of the primary benefits of mortgaging a property is the ability to obtain immediate cash. This can be particularly useful when a player is low on funds and needs money to pay rent, purchase properties, or invest in houses and hotels. Mortgaging provides a quick financial boost to players in need.

Reduced Income Potential: On the flip side, mortgaging a property means that the player forfeits any income generated by that property. In Monopoly, players earn rent from other players who land on their properties. When a property is mortgaged, it is no longer generating income, potentially limiting the player’s overall earning potential.

Risk of Losing Property: If a player is unable to repay the mortgage and interest within a certain number of turns, the bank has the right to foreclose on the property. This means that the player loses ownership of the mortgaged property, and it becomes available for purchase by other players. Losing properties can be detrimental to a player’s strategy and overall chances of winning the game.

Strategic Considerations

The decision to mortgage a property in Monopoly should be carefully considered, taking into account various strategic factors. Here are a few key considerations:

Financial Needs: Assessing one’s immediate financial needs is crucial. Mortgaging a property can provide a quick cash injection, but players should evaluate whether the benefits outweigh the long-term consequences.

Property Importance: Not all properties are created equal. Some properties may be more valuable or strategically positioned on the board, making them more crucial to retain ownership. Players should prioritize mortgaging properties that have lower strategic significance.

Timing: The timing of mortgaging can greatly impact a player’s strategy. Mortgaging early in the game may provide a significant advantage, while mortgaging later may be riskier due to higher property values and increased competition.


Mortgaging a property in Monopoly is a strategic move that can provide immediate financial relief but also comes with risks and drawbacks. Players must carefully consider their financial needs, the importance of the property, and the timing of the mortgage to make informed decisions. By understanding the implications of mortgaging, players can navigate the game more strategically and increase their chances of success.


– Monopoly Official Website: monopoly.hasbro.com
– “Monopoly Rules” – Hasbro: hasbro.com/en-us/brands/monopoly