I ‘ m not a homemade buyer of the first time. Should I get my mortgage from a company or a traditional bank?

My parents have one 1ra and 2da mortgages in its house. They are obtaining older and they cannot take well-taken care of from or allowing the house. The house needs much work. She is his absentee to give above for the house without having to pay any thing to the moneylender? This is in New Jersey.