The following is taken from a larger essay, exegeting Colossians 2:13, by Brian N. Daniels1, a Ph.D. student at Southeastern Baptist Theological Seminary, and a four-point Calvinist.
“Of the many issues that divide Arminians and Calvinists, one of the more interesting has to be the relationship between regeneration and faith. The question may be put like this: which comes first and grounds the other, new life given by the Spirit or belief in Christ? This question is important because of its connection to many other points of soteriology. One’s answer generally reveals much about what he believes regarding the nature of grace and depravity, as well as the more difficult issue of election and predestination.