Solomon's Rest Statement on Salvation
A. Apostle Paul summed up the Gospel (Romans 1:16-17), showing how all people are guilty before God (Romans 1:18 - 3:20), and then explained how sinful people can be saved by faith (Romans 3:21-31).
In Romans 1:18-3:20, Paul establishes that all men are guilty and unable to save themselves.
Romans 1:18-32 - The immoral person is eternally condemned before God without Jesus Christ
Romans 2:1-16 - The moral person is eternally condemned before God without Jesus Christ.
Romans 2:17-3:8 - The religious person is eternally condemned before God without Jesus Christ.
Romans 3:9-20 - All people are guilty before God without Jesus Christ.
Romans 3:21-31 - Explains salvation by faith.
Romans 4:1-25 - Illustrates salvation by faith in the lives of two famous Jewish fathers: Abraham, who lived before the Law of Moses, and David, who came after the Law.
Romans 3:21-31 New King James Version (NKJV)
God's Righteousness Through Faith
21But now the righteousness of God apart from the law (earning it) is revealed, being witnessed by the Law and the Prophets, 22even the righteousness of God, through faith (confidence) in Jesus Christ, to all and on all who believe. For there is no difference; 23for all have sinned and fall short of the glory of God, 24being justified freely by His grace through the redemption that is in Christ Jesus, 25whom God set forth as a propitiation by His blood, through faith, to demonstrate His righteousness, because in His forbearance God had passed over the sins that were previously committed, 26to demonstrate at the present time His righteousness, that He might be just and the justifier of the one who has faith in Jesus.
Boasting Excluded27Where is boasting then? It is excluded. By what law? Of works? No, but by the law of faith. 28Therefore we conclude that a man is justified by faith apart from the deeds of the law. 29Or is He the God of the Jews only? Is He not also the God of the Gentiles (all are included)? Yes, of the Gentiles also, 30since there is one God who will justify the circumcised by faith and the uncircumcised through faith. 31Do we then make void the law through faith? Certainly not! On the contrary, we establish the law.
Being Justified = God legally declares us justified. God separated us from sin even while we were yet sinning.
Redemption = Our sin is paid for, not simply overlooked.
Verse 25 - Propitiation = Jesus was the "mercy seat" for sinners and He paid the necessary price to bring peace (satisfaction) to the Father's heart between God and man. Romans 5:1 says, Therefore, having been justified by faith, we have peace with God through our Lord Jesus Christ. God was fully satisfied with the Son and now through Christ's death God is fully satisfied with man.
Forbearance = God showed restraint in the times of ancient Torah (Moses) by passing over sin in light of animal sacrifices, which prophetically pointed to the coming Christ. Forbearance is a legal term meaning to postpone foreclosure in a case of bankruptcy. Mankind has always been bankrupt before God until the cross of Christ.