By default, WordPress uses the first option by showing your most recent posts on the front page. Many WordPress users want a static front page or splash page as the front page instead.
This “static front page” look is common for users desiring static or welcoming information on the front page of the site. Before you can set a static front page for you site, you have to create and publish the page that you would like to use as the static front page.
You can name it whatever you want and select your desired page template or just leave it as default. The static front page setting can be configured in the Settings => Reading screen. OR Cutomize=> Static Front Page