Romans 3:23-24

Since all have sinned and continually fall short of the glory of God, and are being justified (declared free from guilt of sin, made acceptable to God, and granted eternal life) as a gift by His precious, undeserved) grace through redemption (the payment for our sin) which is (provided) in Christ Jesus. 

We have been made acceptable and free from sin and guilt by the blood of Jesus through salvation. God no longer sees our sins, but God sees us washed clean. Our path is changed, and our direction becomes clear to walk following the word. Grace is a gift of redemption, and we have been redeemed because we have believed in Jesus as our savior.