The Bible is an incredible book! It is the only divinely-inspired, wholly sufficient, utterly infallible, and inerrant Word from God. As a result, we take a firm stand on what we believe about the Bible. The following represents that view.
The Bible is God’s written revelation to man, and thus the 66 books of the Bible given to us by the Holy Spirit constitute the plenary (inspired equally in all parts) Word of God (1 Cor 2:7-14; 2 Pet 1:20-21). We teach that the Word of God is an objective, propositional revelation (1 Thes 2:13; 1 Cor 2:13), verbally inspired in every word (2 Tim 3:16), absolutely inerrant in the original documents, infallible, and God-breathed. We teach the literal, grammatical-historical interpretation of Scripture, which affirms the belief that the opening chapters of Genesis present creation in six literal days (Gen 1:31; Exod 31:17). We teach that the Bible constitutes the only infallible rule of faith and practice (Matt 5:18, 24:35; John 10:35, 16:12-13, 17:17; 1 Cor 2:13; 2 Tim 3:15-17; Heb 4:12; 2 Pet 1:20-21).
God spoke in His written Word by a process of dual authorship. The Holy Spirit so superintended the human authors that, through their individual personalities and different styles of writing, they composed and recorded God’s Word to man (2 Pet 1:20-21) without error in the whole or in the part (Matt 5:18; 2 Tim 3:16).
Whereas there may be several applications of any given passage of Scripture, there is but one true interpretation. The meaning of Scripture is to be found as one diligently applies the literal grammatical-historical method of interpretation under the enlightenment of the Holy Spirit (John 7:17; 16:12-15; 1 Cor 2:7-15; 1 John 2:20). It is the responsibility of believers to ascertain carefully the true intent and meaning of Scripture, recognizing that proper application is binding on all generations. Yet the truth of Scripture stands in judgment of men; never do men stand in judgment of it.[1]
[1] http://www.gracechurch.org/About/Distinctives/What%20We%20Teach