I am currently creating a page where upon clicking a link an iframe is inserted into a div and it's contents loaded. I do this using the following jQuery call:

$('#mydiv').html('<iframe src="sourcelink.html" frameborder="0" width="760" height="2400" scrolling="no"></iframe>');

Sometimes the source content loads very slowly and, as a result, it looks like nothing is happening. I would like to have a simple loading animation while the content is loading while the iframe's content loads. When the iframe finishes loading it's content should pop in and the loading animation should go away.

I've been considering a couple ways I could do this (e.g. having a separate loader div to simply swap the two in and out) but I'm not sure of what the 'best' approach to solving this problem is. Perhaps I shouldn't be using .html()? I'm open to suggestion if there is a more correct solution.