Mortgage or Home Equity Loan?

My maternal granparents just moved out of a house that belongs to my dad. He is now going to give us the house. We have about $ 60,000 we want to spend on paying off some bills and remodeling the house. What is the best way to go about this a Mortgage when we get the house or a Home equity Loan?
The $ 60,000 is not set aside in savings this is what we would need to borrow. The bills are for high intrest credit cards and then most of it would be for renavations.
This is not our first home, we are currently in a home with a morgage with USAA so we know all the ins and outs of a morgage.

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