Is there a way to create custom alt text for Hyperlinks

Is there a way to create custom alt text for Hyperlinks. When I create a text hyperlink I am not able to add custom alt text. When I use NVDA all I hear is the "name of text and link" and for the visited state it just says "visited link". If have multiple links in one text box there is no way for the non-sighted learner using a screen reader to know which link they are on after visiting them since they just say "visited link".

I know the workaround is to use a transparent object to customize the normal and visited states with descriptive alt text, but that is very time consuming.

Is there a better way to do this.