The Righteous Live by Faith

Having been justified by faith, the elect are sealed with the Holy Spirit and baptized into the Church—the body of Christ—composed of both Jews and Gentiles (1 Corinthians 12:13; Ephesians 1:13; 3:1–7). No longer subject to the condemnation of the law (Romans 8:1), we are now at peace with God through our Lord Jesus Christ (Romans 5:1; Ephesians 2:14–18).
And although we are no longer under the law but under grace (Romans 6:15), we must guard against two errors: returning to bondage under the law and using grace as a license for sin (Galatians 5:1, 13). The former abandons grace; the latter abuses it and may result in a loss of reward (Galatians 5:19–21). Nevertheless, the righteous live by faith.