ROMANS 5:1-8 WITH COMMENTS

At the end of Romans 4, the Apostle Paul wrote of Abraham's faith in God as being the reason he was considered righteousness, and his faith as being the result of the grace of God (4:16-22).  Paul continued by saying that the same thing applies to born again believers (4:23-25).  Paul continues in Romans 5:1-8; notice it is the result of the truth of chapter four that he begins with the connector, "therefore," and also notice our relationship with God is the working of the Trinity!

[1] Therefore being justified (made right with God) by faith (our faith in the Father - 4:24), we have peace with God (we have been reconciled with God from whom we were estranged by our sin)through our Lord (not the Lord, but Our Lord) Jesus Christ:
[2] By whom (Jesus) also we have access by faith into this grace (unmerited favor) wherein we stand, and rejoice in hope (For we are saved by hope: but hope that is seen is not hope: for what a man seeth, why doth he yet hope for? - Rom. 8:24) of the glory of God (becoming like Him - 1 Jn. 3:2).
[3] And not only so, but we glory in tribulations also: knowing that tribulation worketh patience (God is in the process of changing us into the image of His Son - Rom. 8:28-29; Phil. 1:6);
[4] And patience (trust that He is in control), experience (situations in our past that build confidence that He is in control); and experience, (strengthens our) hope:
[5] And hope maketh not ashamed (to speak out for Christ); because the love of God is shed abroad in our hearts by the Holy Ghost  which is given unto us (that is, we love others when we are walking in the leadership of the Holy Spirit).
[6] For when we were yet without strength (the ability to save ourselves), in due time Christ died for the ungodly (that is, for all of mankind - Rom. 3:10, 25).
[7] For scarcely for a righteous man will one die: yet peradventure for a good man some would even dare to die.
[8] But God commendeth His love toward us, in that, while we were yet sinners, Christ died for us (Jn. 3:16).

What else needs to be said?  God loves you, so love Him back!