“Therefore being justified by faith, we have peace with God through our Lord Jesus Christ:” (Romans 5:1)
This verse beautifully summarizes the doctrine of faith taught in the previous chapter. It is a tremendous verse to commit to memory, because in one short sentence it describes the pathway to God. It also reminds the believer how he is to live his daily life. In the Greek text, the sentence we have peace with God is emphatic. A raw translation would read peace we are having toward God. As evidenced by its placement before the verb, peace is being emphasized. This wonderful peace is continuous and unbreakable, and best of all, it is toward God. The peace of a clear conscience toward God is invaluable, but it only comes by faith in the Person and work of Jesus Christ. The preposition with means toward an has the idea of in the face of. Clothed in the righteous character of Jesus Christ, the justified sinner is enabled to stand in the very presence of the God whose glory causes the earth to shine. Apart from Christ's righteousness, the lost sinner has no hope of being able to stand in God's presence and is doomed to the fires of hell.
“By whom also we have access by faith into this grace wherein we stand, and rejoice in hope of the glory of God.” (Romans 5:2)
Rejoicing in hope is the first of three rejoicings mentioned in verses 2-11. The personal pronoun whom is referring to Jesus Christ. By means of faith in Him, the believer has access into God's grace. God's grace makes faith productive. What profit would there be in faith if God's grace had not motivated the sacrifice of His Son? Many religions exercise great faith in false deities; however, this faith is not beneficial because it is toward a god that cannot save. The verbs in this passage beg comment. They are in the perfect tense. This, combined with context and Scripture comparison, convey the idea of an action that has taken place and is forever relevant at any point in time with the effects of that action continuing on for eternity. The believer has been given irrevocable access, by simple faith, into God's grace! One's mind is immediately drawn to Hebrews 4:16, “Let us therefore come boldly unto the throne of grace, that we may obtain mercy, and find grace to help in time of need.” The second of these two verbs is next given, wherein we stand. Not only has the believer been given irrevocable access into God's grace, but he also is made to stand forever within that grace, and the greatest part of all is that this cannot be reversed! No wonder this verse ends by saying and rejoice in hope of the glory of God. In a grammatical sense, this phrase belongs with verse one, for example, “Therefore being justified by faith, we have peace...and rejoice....” All the words in between and around are describing this main thought. With this understanding, the believer's rejoicing in hope is made possible through his justification by faith. The prepositional phrase in hope has the idea of upon the basis of hope. Upon the basis of unshakeable hope of the glory that belongs to God, the believer can continually rejoice.