Taking Out a Mortgage in Monopoly the Board Game
Part of the Video Series How to Play Monopoly
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Video Transcript
Taking Out a Mortgage in Monopoly the Board Game
There may be occasions when you may be short on money especially if you have been landing on a lot of unknown properties and buying them up as I have previously advised. When this happens you need a little more cash on hand for whatever reason, you may want to consider taking out a mortgage. When you mortgage a piece of property, you receive money in the amount printed out on back of the title. The title is then placed faced down and no rent can be collected by the owner until the mortgage is lifted. This is done by paying the bank back the mortgage amount plus 10 percent. Mortgaging too much can easily put a player into debt. This should usually not be done in order just to complete a color set. Having a completed color set is worthless if you cannot collect with them. Once again though, you might want to consider taking a mortgage out in order to prevent an opponent from completing a color set of their own. Mortgaged properties may be sold to another player but the new owner cannot collect rent until he has lifted the mortgage. This is another strategy that can be employed when a player is desperate. You can sometimes end up with more money by mortgaging the piece of property before you sell it to somebody. Like I said though this is a move reserved for the desperate and is more of a last ditched effort than actual strategy.
There may be occasions when you may be short on money especially if you have been landing on a lot of unknown properties and buying them up as I have previously advised. When this happens you need a little more cash on hand for whatever reason, you may want to consider taking out a mortgage. When you mortgage a piece of property, you receive money in the amount printed out on back of the title. The title is then placed faced down and no rent can be collected by the owner until the mortgage is lifted. This is done by paying the bank back the mortgage amount plus 10 percent. Mortgaging too much can easily put a player into debt. This should usually not be done in order just to complete a color set. Having a completed color set is worthless if you cannot collect with them. Once again though, you might want to consider taking a mortgage out in order to prevent an opponent from completing a color set of their own. Mortgaged properties may be sold to another player but the new owner cannot collect rent until he has lifted the mortgage. This is another strategy that can be employed when a player is desperate. You can sometimes end up with more money by mortgaging the piece of property before you sell it to somebody. Like I said though this is a move reserved for the desperate and is more of a last ditched effort than actual strategy.
About the Expert
Expert: Michale Siverio has been playing games his entire life. He is an expert at video, card and board games and will "pwn" any challengers brave enough to play him. Read More
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