My cousin mortgaged his property and he says every time it’s his turn he has to receive the mortgage amount on back of his card.

Eg: Illinois Ave Mortgage is $150 , he claims he gets $150 every time it’s his turn.

  • 16
    That is some creative banking. If that was the rule. Why would you ever develop your property. Mortgage all and break even in two turns. Apr 2, 2020 at 8:18
  • 14
    The mortgage value of each property is typically a bit higher than the rent price with 1 house. If the game worked this way, mortgaging a property would effectively get you a 50% refund on the property purchase price, a free house (even with no monopoly), and someone to land on your property every round. Mortgaging a property should be a last resort, not a surefire winning strategy. Your cousin is nuts. Apr 2, 2020 at 16:38
  • 1
    It's not just every time it's his turn. He can get $150 on everyone else's turn too. As the rules say, "Unimproved properties can be mortgaged through the Bank at any time." Apr 3, 2020 at 9:36
  • 3
    Were you playing this game on 1 April, by any chance? Apr 3, 2020 at 10:00
  • 1
    Does this work with houses in real life too? 🤑
    – Kyralessa
    Apr 6, 2020 at 9:16

1 Answer 1


That's not how a mortgage works in Monopoly or real life! A bank does not give you a perpetual income and ask you pay that amount plus 10% back once. A Mortgage is a one-time loan based on the property value. It is not a perpetual income.

The rules you need are all here. There is no reference anywhere that you get a mortgage value every turn.

MORTGAGES: Unimproved properties can be mortgaged through the Bank at any time. Before an improved property can be mortgaged, all the buildings on all the properties of its color-group must be sold back to the Bank at half price. The mortgage value is printed on each Title Deed card.

No rent can be collected on mortgaged properties or utilities, but rent can be collected on unmortgaged properties in the same group. In order to lift the mortgage, the owner must pay the Bank the amount of the mortgage plus 10% interest. When all the properties of a color-group are no longer mortgaged, the owner may begin to buy back houses at full price.

The player who mortgages property retains possession of it and no other player may secure it by lifting the mortgage from the Bank. However, the owner may sell this mortgaged property to another player at any agreed price. If you are the new owner, you may lift the mortgage at once if you wish by paying off the mortgage plus 10% interest to the Bank. If the mortgage is not lifted at once, you must pay the Bank 10% interest when you buy the property and if you lift the mortgage later you must pay the Bank an additional 10% interest as well as the amount of the mortgage.

Also think of the effect this would have on the game. No one would ever lose. Turn one I buy a property, I then Mortgage it and I've an income every turn meaning I can't go bankrupt. Every player would have all their properties mortgaged getting richer and richer so it would never end.

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