Refinance after quitclaim deed

[Sean Peabody]

Hello,

I have a question on refinancing a home. I'm in the process of a subject-to the existing mortgage deal. I will have a quitclaim deed done and the house will be in my name. Is there a waiting period to refinance? Would I be able to refinance out of that mortgage right away or wait 6 months? I would like to do a cash out refi because there is about 60k left on the existing mortgage but the home is worth around 140k and I want to pull out equity to invest in another property.

Thank you!