1. The Path of Justification - "by faith" - we do not work for, buy or merit justification.
2. The Product of Justification - "peace with God" - no longer condemned or under His wrath, alienated from God.
3. The Price of Justification - "our Lord Jesus Christ" - the blood sacrifice of Jesus is the only payment that is acceptable to God for my sin.
Jesus took the wrath of God that I deserved on the cross so that I could be justified. When by faith I received Jesus' payment for me and trusted in Him alone as my Savior, God declared me righteous. If God showed this kind of love toward me when I was His enemy how much more will He love me and pour out His grace toward me as His friend?
Walk with the Lord and in the blessing