Can I create animations that can be applied to the objects (not only in cutscenes but overall) in UE?
Or I have to bring out the big guns like Maya, Blender or 3ds Max anyway?
Depends. If you’re creating a 2D game, you can use flip books which create an animation
I mean 3D. 2D requires art while in 3D I can be content with models from the 90s 