Monopoly Mortgage Rules: The Complete Guide (2023)

Basana Saha


Have you ever wondered what the mortgage rules are in the monopoly game and how the mortgage works in Monopoly? 

Here, I will be discussing mortgage rules in the monopoly game in detail. 

So, whether you are a monopoly regular player or a beginner, this blog is for you!

Monopoly Mortgage Rules

Let’s get started!

What does Mortgage Property mean in Monopoly?

Mortgage property is a game mechanic that lets players liquidate one of their assets for money.

The accumulated wealth can be used to settle financial obligations or fund the purchase of additional real estate. 

The player will receive fifty percent of the property’s original purchase price in a successful sale.

How does the mortgage work in Monopoly?

Players in Monopoly can pay money to the bank or mortgage an already-owned piece of property to fund the purchase of additional properties. 

A player should pay the bank fifty percent of the purchase price of a property if they choose to take out a mortgage on it. 

Mortgage in Monopoly

In turn, the player can invest the money in more properties or use it to settle financial obligations.

When a player wants to mortgage a property, they must pay the original mortgage balance plus 10% to the bank.

 Therefore, when a player mortgages an estate for $100 and wants to mortgage it, they must pay the bank $110.

What are the mortgage rules in Monopoly?

The mortgage rules in Monopoly vary slightly from one edition to the next.

The basic idea is that once you’ve settled on a piece of real estate, you could put a mortgage on it and pay it off whenever you have the cash available. 

If another player moved in while the property was mortgaged, they would’ve been responsible for making the monthly payments to the bank rather than you.

Monopoly can be won in various ways, but the most popular is by amassing the most money by the game’s end.

Planning when more property for a quick cash infusion is important. 

The more properties you mortgage, the more difficult it will be to win.

The following are some guidelines for mortgages in the board game Monopoly:

1. Never take out a mortgage unless necessary.

2. A good mortgage strategy is to focus on purchasing properties where other players have a low chance of landing.

3. If you don’t want to feel intimidated later in the game, keep records of how much you owe on each property.

What type of properties can you mortgage in Monopoly?

Players in Monopoly can take out mortgages on any of their properties. When a player mortgages a property, the bank pays the player fifty percent of the total purchase price. 

From there, the player can use the funds to settle financial obligations or invest in additional real estate. 

Unmortgaging a property results in the player owing the bank the initial loan amount plus interest.

What happens when you mortgage property in Monopoly?

Mortgages are an option in Monopoly that allows players to amass cash quickly.

Mortgages are a form of borrowing money from the bank of Monopoly. 

The player is responsible for repaying the principal plus interest on the mortgage loan.

The player may have to sell their home if they fall behind on their mortgage payments.

Can you sell a mortgaged property to the bank in Monopoly?

When playing Monopoly, a player can sell the property to the bank in two ways: by mortgaging the property or making a deal with the bank. 

When a player sells a mortgaged property to a bank, the player receives this same mortgage value of the property.

To calculate the value of a mortgage, a player adds the principal loan amount to any accrued interest.

If the player sells the house for less than what they owe on the mortgage, they lose money.

When selling a non-mortgaged property to a bank, a player gets the full purchase price.

How do you mortgage hotels in Monopoly?

Taking out mortgages on hotels is a common strategy for increasing your Monopoly fortunes.

When you mortgage a property, you sell it to the lender for money. In other words, the more hotels there are on the land, the more money you’ll make.

The player must make a down payment to the bank equal to 50 percent of the hotel’s purchase price to obtain a mortgage. 

If the player’s bid is successful, they will receive the amount listed on the mortgage made meaningful for that piece of real estate. 

Typically, the value of the mortgage is lower than the purchase cost, meaning the player will receive less than what they originally invested.

Can you collect rent on the mortgaged property in Monopoly?

In Monopoly, players can take out property mortgages to gain financial stability. 

When a player mortgages a piece of property, they are responsible for repaying this same bank the mortgage amount plus any interest accrued on the loan.

A mortgaged property will not produce rental income for the player.

When the player sells the house, they must pay off their mortgage before getting any of the proceeds.

What happens to mortgaged property in Monopoly when you lose?

Real estate in Monopoly can be bought, sold, and traded between players.

When a player does not have the cash on hand to purchase a house outright, they can take out a mortgage. 

This means the property can be used as collateral for a loan from the game’s bank.

The loan will accrue interest, which the player must pay back. 

The property is forfeited if the player cannot pay back the loan.

Can you mortgage property to buy another property in Monopoly?

Players in Monopoly can trade and mortgage their properties. Therefore, you can use a mortgage on one property as collateral to acquire another.

When a player takes out a mortgage on a piece of real estate, they must give the property to the Monopoly Bank to finance 50% of the total price. 

The player can then use that cash to invest in additional properties. Later, if the player decides to repay the mortgage, they should pay the bank the original mortgage balance plus 10%.

Pros of Mortgage in Monopoly

1. You can purchase real estate.

2. You can obtain funds from other players.

3. You have the option of avoiding jail.

4. You can make improvements to your property.

Cons of Mortgage in Monopoly

1. Hotels and homes are expensive investments.

2. If another player spawns on any of your properties, you can collect rent from them. However, if there is a mortgage on your property, you won’t be able to collect rent.

3. The loan and all accrued interest must first d in full to be released from a mortgage.


Let’s conclude the post on Monopoly Mortgage Rules!

So, I hope you got a good understanding of the rules and you can now take them to your advantage in the game.

I hope you enjoyed reading the post.

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Basana Saha