Don't put anything on your pads, they should be dry to work effectively OR replace them with new.
That is probably not your problem here tho, disassembling the system is good maintenance AND should restore your braking to its best. Some calipers can be taken apart easily, others its better to leave them and coax some lube into them. If you can disassemble, lightly greasing the bolts & bushings will go a long way toward keeping them operating smoothly. Also don't over-tighten the arms on reassembly.
Its always very tempting to replace just the cable and grease it up good, but new housing is definitely recommended. Many new cables/housings dont recommend greasing the cable but I have found that light grease doesnt hurt any of my Shimano and cheaper brake systems and keeps them smooth longer.
good luck
all's'miles
curby