Psalms 2:6-7 says “Yet have I set my king upon my holy hill of Zion. I will declare the decree: the Lord hath said unto me, Thou art my Son; this day have I begotten thee.” 
The phrase “This day have I begotten thee” has to be understood in the context of the resurrection. Acts 13:29-33 says “And when they had fulfilled all that was written of him, they took him down from the tree, and laid him in a sepulchre. But God raised him from the dead: And he was seen many days of them which came up with him from Galilee to Jerusalem, who are his witnesses unto the people. And we declare unto you glad tidings, how that the promise which was made unto the fathers, God hath fulfilled the same unto us their children, in that he hath raised up Jesus again; as it is also written in the second psalm, Thou art my Son, this day have I begotten thee.” The hill of Zion then would be the heavenly Jerusalem that Christ ascended to after his resurrection: Acts 2:32-36 says “This Jesus hath God raised up, whereof we all are witnesses. Therefore being by the right hand of God exalted, and having received of the Father the promise of the Holy Ghost, he hath shed forth this, which ye now see and hear. For David is not ascended into the heavens: but he saith himself, The Lord said unto my Lord, Sit thou on my right hand, Until I make thy foes thy footstool. Therefore let all the house of Israel know assuredly, that God hath made that same Jesus, whom ye have crucified, both Lord and Christ.” Peter mentions that David is not ascended because many were looking for David to be resurrected to rule over this new kingdom: Hosea 3:5 says “Afterward shall the children of Israel return, and seek the Lord their God, and David their king; and shall fear the Lord and his goodness in the latter days.” And Jeremiah 30:9 says “But they shall serve the Lord their God, and David their king, whom I will raise up unto them.” The word “raise” here is the Old Testament word for resurrection. Peter through the Holy Spirit stresses that this “David” is Jesus. The Holy One that saw no corruption was Christ Jesus! So, again this begetting is speaking of Christ being resurrected from the dead. Romans 1:3-4 Says “Concerning his Son Jesus Christ our Lord, which was made of the seed of David according to the flesh; And declared to be the Son of God with power, according to the spirit of holiness, by the resurrection from the dead:” He is declared to be the Son of God by the Resurrection. Jesus was the word made flesh. He testified and said he came out from God in John 16:27-28 Says “For the Father himself loveth you, because ye have loved me, and have believed that I came out from God. I came forth from the Father, and am come into the world: again, I leave the world, and go to the Father.” The phrase “came out” or “came forth” means to issue out of. Like every word that preceedeth out of the mouth of God, Revelation 3:14 says “And unto the angel of the church of the Laodiceans write; These things saith the Amen, the faithful and true witness, the beginning of the creation of God;” Jesus says he is “the beginning of the creation of God”. Is this saying that he is the first in rank or the first in being created? 
Jesus himself came out of the MOUTH of God, as the WORD! The Word was God. God came out from himself and stepped in time. In the beginning when God spoke let there be light, it was. But the Bible says God is light (1Jn. 1: 5). So when God said let there be ‘light’ he was in essence stepping into time through a portal and that portal was language. Heb. 1: 3, speaking of Jesus says “Who being the brightness of his glory, and the express image of his person…” The phrase ‘express image’ in the Greek is the Greek word Charakter where we get our word character from. It means an engraving, a figure stamped or an exact copy or representation. Col. 1: 15 says of Jesus that he “… is the image of the invisible God…” And it was through language, the Word, or Jesus that the Spirit got into time. So it’s through the portal of language that the Spirit gets into time. But Its also true that through the portal of Language the Spirit comes to abide in us. Jesus is the language of the Spirit. 
So, when was Jesus the only begotten? This can only be understood when Abraham offered up Isaac. Genesis 22:1-2 Says “And it came to pass after these things, that God did tempt Abraham, and said unto him, Abraham: and he said, Behold, here I am. And he said, Take now thy son, thine only son Isaac, whom thou lovest, and get thee into the land of Moriah; and offer him there for a burnt offering upon one of the mountains which I will tell thee of.” In Genesis we see God calling Isaac his only son; but what about Ishmael? Notice what the New Testament writer says concerning this Hebrews 11:17-19 says “By faith Abraham, when he was tried, offered up Isaac: and he that had received the promises offered up his only begotten son, Of whom it was said, That in Isaac shall thy seed be called: Accounting that God was able to raise him up, even from the dead; from whence also he received him in a figure.” The figure here meaning Jesus who God raised from the dead. So when it’s speaking of “the only begotten” it’s speaking of Christ being begotten from the dead, but also the first begotten, and only begotten, because Christ is himself the resurrection: John 11:23-25Jesus saith unto her, Thy brother shall rise again. Martha saith unto him, I know that he shall rise again in the resurrection at the last day. Jesus said unto her, I am the resurrection, and the life: he that believeth in me, though he were dead, yet shall he live:” NO ONE GOES TO HEAVEN BUT JESUS! We only can get to heaven IF we’re IN JESUS! John 3:13 says “And no man hath ascended up to heaven, but he that came down from heaven, even the Son of man which is in heaven.” Jesus is speaking of himself in the third person, because even though he was yet on the earth, he was seated in heaven at the same time, but so are we now seated in heavenly places in Christ Jesus. The firstborn from the dead is also the first begotten from the dead! He is the only begotten Son of God! So was Jesus begotten in heaven? Was he the “eternal Son? Jesus was God! He was the Word, who became the Son. He, the Son was begotten on a day, the day of his resurrection, yet he always exited as God and created all things at the beginning of creation as the WORD! In eternity it was already foreordained that the only begotten Son of God would die for our sins; but it would be manifested in time. 
-Anthony D. Booker 

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