Welcome to our guide on how to mortgage properties in the popular board game, Monopoly. Mortgaging can be a strategic move when you need some extra cash in the game or want to lessen your financial burden. In this article, we will explain what mortgage is and walk you through the process step by step.
Understanding Mortgages
In Monopoly, mortgage is a way to raise money by offering your properties as collateral. By mortgaging a property, you can receive a loan from the bank, which can be helpful when you’re low on funds but still need to make important payments, such as rent or purchasing other properties.
When a property is mortgaged, it means that you pledge it as security for a loan, and in return, you receive cash equal to half of the property’s original cost. However, mortgaged properties cannot generate income, and all rent and other benefits associated with the property are temporarily suspended until the mortgage is lifted.
The Process of Mortgaging
Follow these steps to mortgage your property:
- Decide which property you want to mortgage. It’s usually a good idea to choose properties that are generating low income or have high maintenance costs.
- Look at the property card and find the mortgage value, which is usually printed on the back of the card.
- Notify the other players that you intend to mortgage your property.
- Return the property card to the bank and collect the mortgage value in cash.
- Place the property card face down, indicating that it is now mortgaged. You can use a small marker or token to remember this.
- Remember that once a property is mortgaged, all rent and other benefits it provides are suspended until the mortgage is lifted.
Lifting the Mortgage
If you want to lift the mortgage on a property, follow these steps:
- Pay the mortgage value plus an additional 10% interest to the bank. For example, if the mortgage value is $100, you would have to pay $110 to lift the mortgage.
- Receive the property card back from the bank.
- Place the property card face up again, indicating that it is no longer mortgaged. Remove the marker or token you used to indicate its mortgage status.
- Resume collecting rent and enjoying the benefits of the property as normal.
Advantages and Disadvantages of Mortgaging
| Advantages | Disadvantages |
|---|---|
| Mortgaging can provide you with much-needed cash when you’re low on funds. | Renting the mortgaged property won’t generate income until the mortgage is lifted. |
| Mortgaging allows you to reduce your financial burden and avoid bankruptcy in the game. | If you want to lift the mortgage, you need to pay extra interest, which can be costly. |
| By mortgaging less profitable properties, you can focus on developing more valuable areas. | If you can’t lift the mortgage on time, you may lose the property to bankruptcy and other players can purchase it. |
Now that you understand the process and implications of mortgaging in Monopoly, you can make informed decisions on when and how to use this strategy. Remember to assess the advantages and disadvantages for each situation, and keep a close eye on your financial status throughout the game.
Happy mortgaging and may you become the Monopoly champion!
Frequently Asked Questions Of How To Mortgage In Monopoly: Mastering Property Management
How Do You Mortgage A Property In Monopoly?
To mortgage a property in Monopoly, simply flip the title deed card over and receive cash equal to half its value.
Can You Mortgage A Property To Pay Rent In Monopoly?
Yes, you can mortgage a property to pay rent in Monopoly. Just remember to unmortgage it before you can collect rent on it.
What Happens When You Mortgage A Property In Monopoly?
When you mortgage a property in Monopoly, you can no longer collect rent on it, but you receive cash equal to half its value.
Can You Mortgage Properties With Houses Or Hotels In Monopoly?
No, you cannot mortgage properties with houses or hotels on them in Monopoly. To mortgage a property, it must be free of any developments.
Ismail Hossain is the founder of Law Advised. He is an Divorce, Separation, marriage lawyer. Follow him.
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