Paraphrase
The next level of study is paraphrasing, and it is more likely to be successful after considering key words and phrases and parsing. In this phase, we restate the passage (or significant sections of it) in our own words, while still accurately capturing all the necessary notions and details. You do not need to paraphrase every single verse, as this is a time-consuming practice.
In order to properly paraphrase, you need to ensure you fully and accurately comprehend the passage, so begin by determining what you still do and do not understand about it. Again, use this time to ask additional questions about the passage. You can call out words, concepts, characters, and backgrounds you remain unfamiliar with, and do additional research to answer these questions and inform your paraphrases.
Once you have come up with an initial paraphrase, test it against the scriptures to verify that what you wrote is in line with true doctrine, principles, and other scriptural accounts. Then consider alternate understandings of the passage, especially if your first attempt does not measure up. Continue to look for specific details and secondary meanings that you may have missed on your first pass, and work to improve your paraphrases.
Initial scripture:
For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.
For God sent not his Son into the world to condemn the world; but that the world through him might be saved.
Potential paraphrase with some added interpretation:
Because God loved the world so much, He gave His only [physical] Son, [Jesus Christ] so that any person which would believe in Him [Christ] would not die, but would have everlasting life [eternal life, or God's life, or exaltation].
Thus, God did not send his Son [Christ] into the world to condemn [destroy, judge] it, but to save it through Him [Christ].