Each of us is “saved” and born of the Holy Spirit by grace through faith when we “confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead” (Romans 10:9). This is the greatest promise of the New Covenant, but there are many more as we “work out” or live out our salvation (Philippians 2:12).
The writer of the book of Hebrews confirmed that this promise of the New Covenant has been fulfilled through the atoning sacrifice of Jesus. (See Hebrews 8:9-11; 10:16-17.) “Now where remission of these [sins and iniquities] is, there is no more offering for sin” (Hebrews 10:18). Jesus made the complete and final sacrifice for our sins. We can do nothing more to atone for our sins.
The conclusion is this: one who repents of sin and believes in Jesus as Savior is not under the law of works, but is under the “law of faith” (Romans 3:27). One who is in the faith will “do works meet for repentance” (Acts 26:20) and will do works of faith (James 2:14-26). These works of faith are evidence of a saving faith; they are not works of the law in an attempt to earn justification and salvation.
A true believer in Jesus as Savior and Lord is deemed righteous under the law because Jesus fulfilled the law. Believing Gentiles are grafted into the spiritual nation of Israel (Romans 11:13-24) and are the beneficiaries of the covenant promises of God.
But ye are a chosen generation, a royal priesthood, a holy nation, a peculiar people; that ye should shew forth the praises of him who hath called you out of darkness into his marvellous light. (I Peter 2:9)
The Old Covenant foreshadowed the New Covenant and both covenants are covenants of faith. God initiated both covenants and both covenants include promised blessings. The difference is that the Old Covenant looked forward to the Redeemer, but the New Covenant involves a relationship with the Redeemer, Jesus the Christ, the Holy One of God. The New Covenant is a fulfillment of the Old and through the New Covenant our sins are forgiven, our heart is changed, and our eternal salvation is secured.
There is much here to consider. During this week I hope you will look up and meditate upon these and other scriptures, and “searched the scriptures daily, whether those things were so” (Acts 17:11).