“The question of the “eternal security of the believer” has been the cause of much controversy in the church for centuries—and still creates confusion and distress for many Christians. It is too much to expect to dispel this problem completely for everyone in a brief tract, but perhaps we can at least help in that direction. Those who believe in “falling away” accuse those who believe in “eternal security” of promoting “cheap grace.”

“While it may be a convenient expression, the latter phrase is of course unbiblical. To call it “cheap” is really a denial of grace, since it implies that too small a price has been paid. Grace, however, must be absolutely free and without any price at all on man’s part; while on God’s part the price He paid was infinite. Thus for man to think that his works can play any part in either earning or keeping his salvation is what cheapens grace, devaluing this infinite gift to the level of human effort.”

“To speak of “falling from grace” involves the same error.  Since our works had nothing to do with meriting grace in the first place, there is nothing we could do that would cause us no longer to merit it and thus “fall” from it. Works determine reward or punishment—not one’s salvation, which comes by God’s grace. The crux of the problem is a confusion about grace and works.”

Originally from the “Once Saved, Always Saved?” tract written by Dave Hunt  (http://www.thebereancall.org/sites/2011.thebereancall.org/files/Once%20Saved%20Always%20Saved_0.pdf)