Yes. Braces correct your teeth not your jaw. However if you get rubber bands, they will correct your jaw. (:
Whats the point?
Braces are not on the jaw line/bone..... they correct your teeth,
Overbites are not good. They damage your jaw over time.
It won't affect your jaw much, just your teeth.
I've had braces too, and I had an overbite. When they say they are going to fix your overbite it doesn't do too much, they just but rubber bands on the ends of your braces. I didn't like the idea of them fixing my overbite at first but it isn't bad at all, not really even a difference as far as I can tell.