“In whom we have redemption through his blood, the forgiveness of sins, according to the riches of his grace;”
King James Version (KJV)
1:7 By whom we - Who believe. Have - From the moment we believe. Redemption - From the guilt and power of sin. Through his blood - Through what he hath done and suffered for us. According to the riches of his grace - According to the abundant overflowings of his free mercy and favour.
Eph 1:7 In whom we have redemption through his blood. (1) We are in bondage to sin; (2) Christ redeems us; (3) the price paid is his blood. Compare Mt 20:28 26:28 Ac 20:28 Ga 3:13 Heb 9:22 1Pe 1:19. The forgiveness of sins. Those redeemed are forgiven.