Ephesians 1:7

In him we have redemption through his blood, the forgiveness of our trespasses, according to the riches of his grace,

-Ephesians 1:7

There are two references to "him" in this verse, who who are they referring to?  I think it's obvious that it can either be God the Father or Jesus (or both?).  NLT seems to interpret the first "him" as God the Father, and the second "him" as Jesus.  AMP also interprets the second "him" as Jesus.  I think that because Paul is still mainly talking about God the Father, the first "him" is referring to God the Father.  For the second "him", it is referring to his blood, so I think it's referring to Jesus.  Though I guess I goofed up because the second "him" is actually the word "his".  In any case, I think you know what I mean.  So, I think the first is referring to God the Father and the second is referring to Jesus.

In God the Father we have redemption through Jesus' blood.  Now, what that means is "the forgiveness of our trespasses".  So, what "redemption through his blood" means is "the forgiveness of our trespasses".  It is by Jesus' blood that we are forgiven for our wrongdoing.

The last thing is the phrase at the end, "according to the riches of his grace".  Our redemption, the forgiveness of our trespasses, is "according to the riches of his grace".  This means that in some way we are forgiven by or because of or by the magnitude or merit of God's grace.  God is so rich in grace and it is by the richness of his grace that we are redeemed.  This also reminds us that it is not according to works, but grace.  God's free, unmerited favor is what our redemption is according to.  Praise God for the riches of his grace.