How does mortgaging work in Monopoly and what are the implications of mortgaging properties in the game?

In Monopoly, mortgaging works by borrowing money from the bank using your properties as collateral. When you mortgage a property, you receive half of its value from the bank, but you cannot collect rent on that property until you repay the mortgage plus 10 interest. The implications of mortgaging properties in the game are that it can provide quick cash when needed, but it also reduces your potential income from rent and can make it harder to build monopolies and win the game.