Thats a pretty accurate summary of Catholic soteriology Knight.
The thing is, Catholics do away with the warnings in the Circumcision Epistles of Hebrews, 1 John and 2 Peter, for example, that tell the Circumcision Believers (who believed the Gospel of the Circumcision which required circumcision and obedience to the law) that if they “sin willfully” or commit a “mortal sin” or an “unpardonable sin” or “fall away” then there is no forgiveness for those sins and all they have to look forward to is damnation.
*] Matthew 12:31-32 " Therefore I say to you, every sin and blasphemy will be forgiven men, but the blasphemy [against] the Spirit will not be forgiven men. 32 "Anyone who speaks a word against the Son of Man, it will be forgiven him; but whoever speaks against the Holy Spirit, it will not be forgiven him, either in this age or in the [age] to come.
*]Hebrews 6:4-6 For it is impossible for those who were once enlightened, and have tasted the heavenly gift, and have become partakers of the Holy Spirit, 5 and have tasted the good word of God and the powers of the age to come, 6 if they fall away, to renew them again to repentance, since they crucify again for themselves the Son of God, and put Him to an open shame.
*]Hebrews 10:26-29 For if we sin willfully after we have received the knowledge of the truth, there no longer remains a sacrifice for sins, 27 but a certain fearful expectation of judgment, and fiery indignation which will devour the adversaries. 28 Anyone who has rejected Moses’ law dies without mercy on the testimony of two or three witnesses. 29 Of how much worse punishment, do you suppose, will he be thought worthy who has trampled the Son of God underfoot, counted the blood of the covenant by which he was sanctified a common thing, and insulted the Spirit of grace?
*]1 John 5:16 If anyone sees his brother sinning a sin [which does] not [lead] to death, he will ask, and He will give him life for those who commit sin not [leading] to death. There is sin [leading] to death. I do not say that he should pray about that.
*]2 Peter 2:20 For if, after they have escaped the pollutions of the world through the knowledge of the Lord and Savior Jesus Christ, they are again entangled in them and overcome, the latter end is worse for them than the beginning.[/list]
Fortunately, for us in the Body of Christ, these warnings do not apply to us. Once we believe Paul’s Gospel of the Uncircumcision (Gal 2:7), which he also refers to as the preaching of Jesus Christ, according to the revelation of the mystery (Rom 16:25), we are baptized by the Holy Spirit into the Body of Christ (1 Cor 12:13) and are sealed until the Day of Redemption (Eph 1:13-14). We are complete in Him (Col 2:10). We are accepted in the Beloved (Eph 1:6). And we are at the moment of belief translated from the kingdom of darkness into the kingdom of His dear Son (Col 1:13).
We relate to God through the economy, or the house rules of the grace of God that God gave to Paul for us (Eph 3:2). Praise God always for this truth!