You are correct. As Scripture says in 2 Peter 1:9
1 John 1:5-10 5 This is the message we have heard from him and proclaim to you, that God is light, and in him is no darkness at all. 6 If we say we have fellowship with him while we walk in darkness, we lie and do not practice the truth. 7 But if we walk in the light, as he is in the light, we have fellowship with one another, and the blood of Jesus his Son cleanses us from all sin.
8 If we say we have no sin, we deceive ourselves, and the truth is not in us. 9 If we confess our sins, he is faithful and just to forgive us our sins and to cleanse us from all unrighteousness. 10 If we say we have not sinned, we make him a liar, and his word is not in us.
God does not count our sin against us when we trust in Christ.
Colossians 2:13-15 13 And you, who were dead in your trespasses and the uncircumcision of your flesh, God made alive together with him, having forgiven us all our trespasses, 14 by canceling the record of debt that stood against us with its legal demands. This he set aside, nailing it to the cross. 15 He disarmed the rulers and authorities and put them to open shame, by triumphing over them in him.
We are set free. If Catholics want to put themselves under bondage to try to live a perfect life that nobody is capable of living and try to earn heaven by their own efforts, well, have at it.
We believers know that we have been set free from the obligation to obey the Law because we have been forgiven, the record of debt against us has been canceled, we have transferred into the kingdom of the Son He loves, been given redemption, are new creatures in Christ and live and move and have our being in Him.
We are FREE!